Sabine Royalty Trust
70 hedge funds and large institutions have $37.8M invested in Sabine Royalty Trust in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 17 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.86% less ownership
Funds ownership: 10.23% → 9.37% (-0.86%)
15% less funds holding
Funds holding: 82 → 70 (-12)
37% less capital invested
Capital invested by funds: $60M → $37.8M (-$22.2M)
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$819K |
| 2 |
ECG
Edge Capital Group
Atlanta,
Georgia
|
+$788K |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$462K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$328K |
| 5 |
State Street
Boston,
Massachusetts
|
+$202K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$904K |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$803K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$693K |
| 4 |
NIA
Northstar Investment Advisors
Denver,
Colorado
|
-$669K |
| 5 |
Two Sigma Investments
New York
|
-$530K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACI
76
Alpha Cubed Investments
Irvine,
California
| – | -$242K | -6,012 | Closed |
|
|
RJA
77
Raymond James & Associates
St Petersburg,
Florida
| – | -$240K | -5,956 | Closed |
|
|
CBTWT
78
Community Bank & Trust (Waco, Texas)
Waco,
Texas
| – | -$206K | -5,115 | Closed |
|
79
LPL Financial
San Diego,
California
| – | -$203K | -5,035 | Closed |
|
|
ACA
80
Ackerman Capital Advisors
Dallas,
Texas
| – | -$202K | -5,004 | Closed |
|
|
TAM
81
Tradition Asset Management
Richmond,
Virginia
| – | -$201K | -5,000 | Closed |
|
82
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$53K | -1,317 | Closed |
|
|
SIC
83
Samalin Investment Counsel
Chappaqua,
New York
| – | -$21K | -525 | Closed |
|
84
Lazard Asset Management
New York
| – | -$2K | -57 | Closed |
|
|
BFEC
85
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$1K | -15 | Closed |
|
86
Fidelity Investments
Boston,
Massachusetts
| – | +$213 | +6 | +600% |
|
SBR Hedge Fund Activity: Q1 2020 in Review
70 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q1 2020, worth a combined $37.8M — down 37% from $60M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of SBR and 8 opened new positions — a net loss of 9 holders — while 17 trimmed existing stakes and 10 added.
The largest buyer was Royce & Associates, adding an estimated $819K. The largest seller was Morgan Stanley, cutting an estimated $904K.
- 70 institutional investors held Sabine Royalty Trust (SBR) as of Q1 2020, down from 82 in Q4 2019.
- Funds reported $37.8M of Sabine Royalty Trust stock for Q1 2020, down 37% quarter-over-quarter.
- 8 funds opened new Sabine Royalty Trust positions in Q1 2020 and 17 closed out, a net change of -9 holders.
- The largest Sabine Royalty Trust buyer in Q1 2020 was Royce & Associates, an estimated $819K added.
- The largest Sabine Royalty Trust seller in Q1 2020 was Morgan Stanley, an estimated $904K sold.
Based on aggregated 13F filings for Q1 2020.